Common use of Obligations of Lenders Several Clause in Contracts

Obligations of Lenders Several. The obligations of the Lenders hereunder to make Loans and to make payments pursuant to this Credit Agreement are several and not joint. The failure of any Lender to make any Loan or to make any payment under this Credit Agreement on any date required hereunder shall not relieve any other Lender of its corresponding obligation to do so on such date, and no Lender shall be responsible for the failure of any other Lender to so make its Loan or to make its payment under this Credit Agreement.

Appears in 7 contracts

Samples: Credit Agreement (TAL International Group, Inc.), Credit Agreement (TAL International Group, Inc.), Credit Agreement (SeaCube Container Leasing Ltd.)

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Obligations of Lenders Several. The obligations of the Lenders hereunder to make Loans and to make payments pursuant to this Credit Agreement hereunder are several and not joint. The failure of any Lender to make any Loan or to make any payment under this Credit Agreement hereunder on any date required hereunder shall not relieve any other Lender of its corresponding obligation to do so on such date, and no Lender shall be responsible for the failure of any other Lender to so make its Loan or to make its payment under this Credit Agreementhereunder.

Appears in 6 contracts

Samples: Term Loan Credit Agreement (Lands' End, Inc.), Term Loan Credit Agreement (Lands' End, Inc.), Term Loan Credit Agreement (Galaxy Gaming, Inc.)

Obligations of Lenders Several. The obligations of the Lenders hereunder to make Committed Loans and to make payments pursuant to this Credit Agreement hereunder are several and not joint. The failure of any Lender to make any Committed Loan or to make any payment under this Credit Agreement hereunder on any date required hereunder shall not relieve any other Lender of its corresponding obligation to do so on such date, and no Lender shall be responsible for the failure of any other Lender to so make its Committed Loan or to make its payment under this Credit Agreementhereunder.

Appears in 4 contracts

Samples: Credit Agreement (Kid Brands, Inc), Credit Agreement (Bluefly Inc), Credit Agreement (Pacific Sunwear of California Inc)

Obligations of Lenders Several. The obligations of the Lenders hereunder to make Loans and to make payments pursuant to this Credit Agreement are several and not joint. The failure of any Lender to make any Loan or to make any payment under this Credit Agreement on any date required hereunder shall not relieve any other Lender of its corresponding obligation to do so on such date, and no Lender shall be responsible for the failure of any other Lender to so make its Loan or to make its payment under this Credit Agreementhereunder.

Appears in 4 contracts

Samples: Debtor in Possession Loan Agreement (Eastman Kodak Co), Debtor in Possession Loan Agreement, Debtor in Possession Loan Agreement

Obligations of Lenders Several. The obligations of the Lenders hereunder to make Loans and to make payments pursuant to this Credit Agreement are several and not joint. The failure of any Lender to make any Loan or to make any payment under this Credit Agreement on any date required hereunder shall not relieve any other Lender of its corresponding obligation to do so on such date, and no . No Lender shall be responsible for the failure of any other Lender to so make its Loan or to make its payment under this Credit AgreementAgreement and no Lender shall be required to fund more than its Commitment Percentage of any Loan.

Appears in 3 contracts

Samples: Credit Agreement (Textainer Group Holdings LTD), Credit Agreement (Textainer Group Holdings LTD), Credit Agreement (Textainer Group Holdings LTD)

Obligations of Lenders Several. The obligations of the Lenders each Lender hereunder to make Loans its Loan and to make payments pursuant to this Credit Agreement are several and not joint. The failure of any Lender to make any its Loan or to make any payment under this Credit Agreement on any date required hereunder shall not relieve any other Lender of its corresponding obligation to do so on such date, and no Lender shall be responsible for the failure of any other Lender to so make its Loan or to make its payment under this Credit Agreement.

Appears in 3 contracts

Samples: Term Loan Agreement (Triton International LTD), Term Loan Agreement (Triton International LTD), Term Loan Agreement (Triton International LTD)

Obligations of Lenders Several. The obligations of the Lenders hereunder to make Loans and to make payments pursuant to this Credit Loan Agreement are several and not joint. The failure of any Lender to make any Loan or to make any payment under this Credit Loan Agreement on any date required hereunder shall not relieve any other Lender of its corresponding obligation to do so on such date, and no Lender shall be responsible for the failure of any other Lender to so make its Loan or to make its payment under this Credit Loan Agreement.

Appears in 1 contract

Samples: Credit Agreement (TAL International Group, Inc.)

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Obligations of Lenders Several. The obligations of the Lenders each Lender hereunder to make Loans its Loan and to make payments pursuant to this Credit Agreement are several and not joint. The failure of any Lender to make any its Loan or to make any payment under this Credit Agreement on any date required hereunder shall not relieve any other Lender of its corresponding obligation to do so on such date, and no Lender shall be responsible for the failure of any other Lender to so make its Loan or to make its payment under this Credit Agreement.Agreement 2.7

Appears in 1 contract

Samples: Term Loan Agreement (Triton International LTD)

Obligations of Lenders Several. The obligations of the Lenders hereunder to make Loans and to make payments pursuant to this fund participations in Letters of Credit Agreement are several and not joint. The failure of any Lender to make any Loan or to make fund any payment under this Credit Agreement L/C Participation on any date required hereunder shall not relieve any other Lender of its corresponding obligation to do so on such date, and no Lender shall be responsible for the failure of any other Lender to so make its Loan or to make purchase its payment under this Credit AgreementL/C Participation.

Appears in 1 contract

Samples: Credit Agreement (Northwestern Corp)

Obligations of Lenders Several. The obligations of the Lenders each Lender hereunder to make Loans and to make payments pursuant to this Credit Term Loan Agreement are several and not joint. The failure of any Lender to make any Loan Loans or to make any payment under this Credit Term Loan Agreement on any date required hereunder shall not relieve any other Lender of its corresponding obligation to do so on such date, and no Lender shall be responsible for the failure of any other Lender to so make its Loan Loans or to make its any payment under this Credit Term Loan Agreement.

Appears in 1 contract

Samples: Term Loan Agreement (TAL International Group, Inc.)

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